Tag Archives: VA funding fee

A reader asks, “We are currently refinancing our home – and we are using the VA process. They are requesting us to get a termite (WDO) inspection. My question is: Does the VA require this termite inspection? We live in...

In our previous post we discussed VA loan requirements for employment and income. One thing we mentioned briefly are the VA income requirements that lenders use only “verifiable” income to calculate the borrower’s creditworthiness, plus the debt-to-income ratio. What does this mean?...

A reader asks, “Will the VA follow the new guidelines the FHA has changed as of this August? The name of it is listed down below. this came down on August 15–FHA Back To Work Program Waives Foreclosure, Bankruptcy, And...

One commonly asked question about VA mortgages involves the loan amount–specifically what happens to any “left over money” if the VA loan comes in at an amount higher than the sale price. One reader asks, “…If I don’t use all...

When budgeting for your VA loan expenses, there are several things to anticipate–the appraisal fee, any compliance inspection fees that may be required, the VA loan funding fee, and the lender’s flat charge. The lender’s fee is often misunderstood–knowing it...

A reader asks, “I am the disabled veteran and my husband is a also a veteran but not disabled. My husband has the excellent credit history and salary requirements that will get us the low interest rate, however I am...

A reader asks, “I understand they ask for 2 years work history. What if you are CURRENTLY on active duty and have only been on active duty for a few months, with no prior work history. Is the 2 year...

A reader asks, “What is the cost of a VA appraisal on previously owned home and property?” The answer isn’t as simple as quoting a price–VA appraisal fees vary from state to state, and in some cases may vary depending...

At the time of this writing, VA loan rates are quite low and many who have existing VA or conventional loans are giving serious thought to their refinancing options even if they've already refinanced in the last five years or...

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